Posted on: February 13, 2024, 11:55h.
Last updated on: February 13, 2024, 11:55h.
The Cordish Companies is pushing forward with their legal battle claiming that the City of Norfolk violated their contract for the redevelopment of the Waterside District.
The company states that Norfolk’s decision to partner with the Pamunkey Indian Tribe and billionaire Jon Yarbrough for a casino resort near the Waterside District goes against the agreed terms.
The conditions of Cordish’s lease dictate that the city should not provide incentives for a similar project for at least 10 years. Cordish asserts that the plans for the HeadWaters Resort & Casino violate those terms.
Cordish is seeking $100 million in damages from the city and insists that it would have never taken on the task of redeveloping the Waterside District if it had known about the casino project.
A case was initially dismissed by a judge in 2022, but Cordish has since appealed the ruling, and the case is now in the hands of Virginia’s Court of Appeals for further review.
The company is determined to defend its rights and is prepared to take the fight to the highest court if necessary.
Four years after the casino project’s approval, construction has yet to begin. The developers have faced multiple setbacks, with the most recent involving the need to adjust the plans due to the city’s decision to build a seawall along the Elizabeth River.
The delays have caused frustration for the public and investors, and Cordish is closely monitoring the situation to ensure that its interests are protected throughout the legal battle and construction process.
The legal proceedings are ongoing, and it’s unclear when a ruling might come. The situation remains complex, with neither party willing to back down as they defend their rights and interests.